Apple says no clear timeline for more foldable iPhones before Christmas

Apple has confirmed it does not know when additional stock of its new foldable iPhone Duo will become available as the Christmas trading period approaches.

The iPhone Duo sold out just over a week after launch, despite being the company’s most expensive smartphone at a price of nearly $2,000. Apple cited “constraints” in sourcing key components and said it was “really hard to predict when supply and demand will be in balance”.

Chief executive John Ternus, who took over from Tim Cook in September, warned of an “unprecedented” rise in memory costs, including chips, driven by the AI industry’s heavy investment in data centres. He described the early reaction to the foldable phone as “thrilled”.

Chief operating officer Sabih Khan added that Apple is working to get the Duo “into the hands of our customers as quickly as possible”. The company also announced it would replace any units affected by a defect that caused a small number to crack along the inside fold.

Apple’s latest financial results, covering the three months to 26 September, showed iPhone revenue up 17% to $57 bn, while Mac sales grew 27% to a record $10.7 bn. Overall sales rose from $102 bn to $114 bn, with pre‑tax profit increasing to $36.1 bn. However, iPad and wearable sales fell by 10% and 7% respectively, and the firm expects ongoing supply constraints for microprocessors and memory into next year.

Category: International

Source: BBC News. Photo: FOX ^.ᆽ.^= ∫ / Pexels.